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geico®. fifteen minutes could save you fifteen percent or more on car insurance. >> welcome back to "squawk box." it's time for the stock of the day. >> stock of the day. knight capital. david faber first told us this morning, $3.50 a share in cash and stock for the company is being offered by getco. a battle between getco and virtue. not geico. getco. >> what others have you got? >> we have
geico®. fifteen minutes could save you fifteen percent or more on car insurance. >> welcome back to "squawk box." it's time for the stock of the day. >> stock of the day. knight capital. david faber first told us this morning, $3.50 a share in cash and stock for the company is being offered by getco. a battle between getco and virtue. not geico. getco. >> what others have you got? >> we have
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geico®. fifteen minutes could save you fifteen percent or more on car insurance. >>> the markets right now are awaiting with the market up 80 points, they're certainly waiting for any more news out of capitol hill. but we are also moments away from the fed's beige book report on the economy. as a result of that, the markets may respond to that, too. we're up 80 points on the dow jones industrial average, up about 6 on the s&p 500 and up almost 12 on the nasdaq composite. >> i think we should rename that beige book 50 shades of beige. how does that work for you? >>> we're going to be covering all afternoon the ongoing discussions here on capitol hill that have basically wrapped up for now among people in congress and the business community. and at 4:45 today the action moves down the street, down pennsylvania avenue to the white house where more of the folks from business will be talking about the fiscal cliff. >> all right, ty. that will do it for us on "power lunch." >>> breaking news on the
geico®. fifteen minutes could save you fifteen percent or more on car insurance. >>> the markets right now are awaiting with the market up 80 points, they're certainly waiting for any more news out of capitol hill. but we are also moments away from the fed's beige book report on the economy. as a result of that, the markets may respond to that, too. we're up 80 points on the dow jones industrial average, up about 6 on the s&p 500 and up almost 12 on the nasdaq composite. >>...
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geico. fifteen minutes could save you fifteen percent or more on car insurance. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> well, i've just been informed there's only seven inches of glass between us and these whales. now i'm nervous. i wasn't before. i'm not worried about me washing away. i'm worried about our next guest washing away, arthur blank, co-founder of home depot, owner of the atlanta falcons. mr. blake, it's a real privilege and pleasure. >> it's really good to be here. it's always great to be in the aquarium. >> i know. watch out. i
geico. fifteen minutes could save you fifteen percent or more on car insurance. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses....
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geico. fifteen minutes could save you fifteen percent or more. >>> welcome back to "squawk on the street." we're 12 seconds away from the release of october new home sales. no sector of the economy is more debated than what's going on in the housing industry and most of the recent data has been definitely bottomish if not better. here we go. 368,000. unfortunately that is a disappointment. 390,000 expected. these are of course seasonally adjusted and annualized and the 389 we had last month, which was a 2.5-year high was downgraded to only 369,000. so in the record books it's only going to look like down 1,000 but both the actual number and the revision are a bit disappointing even though the actual number in percentage terms is only down 0.3 of 1%. back to you. >> numbers like castro oil to the market right now. down 62 and now down 78. >> diana olick, what do you make of it? >> a big disappointment. we got a much bigger drop than expected. that shot the month's supply up to 4.8-month suppl
geico. fifteen minutes could save you fifteen percent or more. >>> welcome back to "squawk on the street." we're 12 seconds away from the release of october new home sales. no sector of the economy is more debated than what's going on in the housing industry and most of the recent data has been definitely bottomish if not better. here we go. 368,000. unfortunately that is a disappointment. 390,000 expected. these are of course seasonally adjusted and annualized and the 389 we...